If you invest in cryptocurrency, do it based on the facts, not hype. And there is a lot of hype. So before you start buying and selling Bitcoin, the biggest cryptocurrency in the world by market capitalisation, know the risk and rewards, so you can make an educated decision on whether investing in digital gold is a good idea for you and your personal finances.
It was a slow start to October, though most major cryptocurrencies, including Bitcoin and Ethereum, were all up over the last week. Bitcoin is changing hands for more than $20 000 (about R354 800), with Ethereum, the second-largest cryptocurrency by market value, is also up, trading at around $1 353, according to Luno, a local crypto outfit. The total capitalisation of the entire cryptocurrency market…